Be in the know. 20 key reads for Thursday…

  1. Wells Fargo stock extends surge after Wall Street’s lone bear said it’s no longer a sell (MarketWatch)
  2. Mercedes Owner Daimler Says Profit Surged 48% in 2020 on High Demand for Premium Vehicles, Will Spin-Off and List its Daimler Truck Division (StreetInsider)
  3. VIX Outlook ‘Less Controversial’ Going Forward After Dipping Below 20 for the First Time in 255 Days – UBS (StreetInsider)
  4. Hedge funds, Robinhood face grilling by Congress over GameStop Reddit rally (StreetInsider)
  5. U.S. weekly jobless claims unexpectedly rise (Reuters)
  6. Food Prices Continue to Rise. Expect Bigger Grocery Bills. (Barron’s)
  7. GE CEO Larry Culp Is Talking About 2021. Cash Flow Is the Key. (Barron’s)
  8. U.S. Retail Sales Rose Strongly on Stimulus in January (Wall Street Journal)
  9. Should AT&T Or Verizon Try To Acquire Nokia In 2021? (Yahoo! Finance)
  10. Dogecoin Has a Top Dog Worth $2.1 Billion (Wall Street Journal)
  11. Oil Prices Are Up, but Frackers Stay on the Sidelines—for Now (Wall Street Journal)
  12. Wells Fargo’s $8 Billion Question: How to Slash Costs Without Angering Regulators (Wall Street Journal)
  13. McLaren’s $258,000 Hybrid Boasts Blazing Speed (Bloomberg)
  14. U.S. Housing Starts Fell in January for First Time Since August (Bloomberg)
  15. Music Mogul Buys Beach Boys Songs, Calling Band ‘Underappreciated’ (Bloomberg)
  16. Bob Pisani explains how ‘payment for order flow’ works (CNBC)
  17. Walmart shares fall on earnings miss, retailer sees sales growth slowing (CNBC)
  18. How Lamborghini learned to love the SUV (CNBC)
  19. No Pandemic Sugar Rush for Nestlé (Wall Street Journal)
  20. Robinhood heads to the Hill: What to watch at the Congressional hearing (Financial Times)

The “Roaring Kitty” Stock Market (and Sentiment Results)…

By now, everyone knows about Keith Gill (aka Roaring Kitty aka Deep F**king Value).  He’s the guy who put out a relatively solid fundamental thesis on GameStop and got it more “right” than anyone could have anticipated.  Continue reading “The “Roaring Kitty” Stock Market (and Sentiment Results)…”

Be in the know. 20 key reads for Wednesday…

  1. Berkshire Reveals New Positions In Chevron, Verizon; Exits JPM; Trims Apple, Wells: Full 13F Summary (ZeroHedge)
  2. Goldman Tells Clients To “Add Energy” Stocks Which Are Badly Lagging Commodities (ZeroHedge)
  3. 5 Health Care Laggards With Healthy Upside Potential (24/7 Wall Street)
  4. February Bank of America Global Fund Manager Survey Results (Summary) (HedgeFundTips)
  5. This Is What Hedge Funds Bought And Sold In Q4: Complete 13F Summary (ZeroHedge)
  6. Waiting for Big Pharma’s Coronavirus Profits to Impress Wall Street (Wall Street Journal)
  7. Energy Transfer (ET) to Acquire Enable Midstream Partners (ENBL) in $7 Billion All-Equity Transaction (Street Insider)
  8. U.S. shale could face weeks of depressed oil production due to cold (Reuters)
  9. Baupost Group Takes a Large Stake in Intel (Institutional Investor)
  10. Mario Draghi lays out ambitious reforms for Italy (Financial Times)
  11. ‘We got lucky’: hedge funds that cashed in on the Reddit rally (Financial Times)
  12. Total chief warns of renewable energy bubble (Financial Times)
  13. The Riskiest Stocks Are in Favor. Why That Probably Won’t Change Soon. (Barron’s)
  14. Fed’s Yield-Curve Control Isn’t for Taming Long Bonds (Bloomberg)
  15. How Roblox, a video game platform for kids, became a $30 billion company (CNBC)
  16. ‘Big Short’ investor Michael Burry joins Warren Buffett in betting on Kraft Heinz (Business Insider)
  17. COVID-19 cases are dropping like a rock: Morning Brief (Yahoo! Finance)
  18. Why Rare Earths May Leave Europe and U.S. Vulnerable (Bloomberg)
  19. Building an Ice Rink in Your Backyard? ‘Water and Gravity Will Always Win’ (Wall Street Journal)
  20. Bulk Condo Buyers Descend on Manhattan, Looking for Cut-Rate Deals (Wall Street Journal)